Step 1: Concept
Velocity for sliding: $V = \sqrt{2gh}$. Velocity for rolling: $v = \sqrt{\frac{2gh}{1+K^2/R^2}}$.
Step 2: Meaning
For a ring, the radius of gyration $K = R$, so $K^2/R^2 = 1$.
Step 3: Analysis
$v_{roll} = \sqrt{\frac{2gh}{1+1}} = \sqrt{\frac{2gh}{2}}$.
Substituting $2gh = V^2$, we get $v_{roll} = \sqrt{V^2/2} = \frac{V}{\sqrt{2}}$.
Step 4: Conclusion
The linear velocity of the rolling ring is $V/\sqrt{2}$.
Final Answer: (A)